The Companies and Intellectual Property Commission (CIPC), an agency of the Department of Trade and Industry, in partnership with the Intellectual Property Office of the Durban University of Technology (DUT), held an information sharing session on Intellectual Property and Commercialisation.
Under the helm of DUT’s Intellectual Property and Copyright specialist, Dr Ramika Bansi, the event was held at ML Sultan Campus, where the guest speaker, Senior Education Specialist, Mojalefa Khoza from the Companies and Intellectual Property Commission, gave a talk on the forms, ownership and commercialisation issues of Intellectual Property.
Welcoming students and the guest to the event was DUT’s Professor Oluwatosin Ademola Ijabadeniyi, on behalf of Deputy Vice – Chancellor: Research, Innovation and Engagement, Professor Sibusiso Moyo.
“Entrepreneurship is taking the idea to the market. You can see that innovation is not complete unless you (students) and others benefit from creativity. You will be informed about Intellectual Property i.e. creation by the mind and how you can commercialise your IP, so students what you learn, you must try to implement,” he said.
Khoza from the Companies and Intellectual Property Commission gave further input into the concept and issues of Intellectual Property.
“IP refers to the creations of the mind which are the fruits of human creativity and invention. What most of you probably don’t realise is that IP is everywhere in your world. Inventions (Patents), literary and artistic works (Copyright), and symbols, names (trademarks), images, and designs used in commerce, all fall under IP. Statistics for patent and design applications show that South Africa receives an average 9000 patent applications and 2000 design applications a year. From that only 10% are local applications, 75% are foreign applications and about 15% are patent applications originating from South Africa, filed abroad,” he said.
Khoza also explained the various terminologies with regards to Copyright and Patents, Industrial Design and Trademarks, as well as how to protect your IP internationally.
“IP protection is territorial in nature. Through World Intellectual property organisation (WIPO) protection of patents, designs, trademarks and copyright is possible. All these protection instruments exist to harmonise the IP system and benefit citizenry of countries which are members,” he said.
He gave examples of copyright and patent examples which included Bafana Bafana tradename which belonged to someone else and which the South African Football Association had to buy off for a huge sum of money, just because they had not patented the name.
Khoza also encourages budding entrepreneurs to visit the CIPC website for all the information on IP as well as employment opportunities in the field.
For more information, go to http://www.cipc.co.za.
Pictured: Senior Education Specialist, Mojalefa Khoza from the Companies and Intellectual Property Commission, talking on Intellectual Property and Commercialisation.